« previous next »

Author Question: The major difference between absolute purchasing power parity (APPP) and the law of one price (LOOP) ... (Read 48 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Jun 30, 2018
The major difference between absolute purchasing power parity (APPP) and the law of one price (LOOP) is:
 a. APPP deals with the equilibrium exchange rate for one good, and LOOP deals with the equilibrium exchange rate for a basket of goods.
  b. APPP deals with changes in nominal exchange rates for a basket of goods, and LOOP deals with levels of exchange rates for a particular good.
  c. APPP deals with changes in nominal exchange rates for a basket of goods, and LOOP deals with changes of exchange rates for a particular good.
  d. APPP deals the equilibrium exchange rate for a basket of goods, and LOOP deals with the equilibrium exchange rate for one particular good.
  e. None of the above.

Question 2

The value of a nation's currency is a good reflection of:
 a. The nation's wealth.
  b. The nation's international competitiveness.
  c. The nation's income.
  d. None of the above.


eliasc0401

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

.D

Answer to Question 2

.D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Terminals 85 and 86 represent the coil inside the relay. Terminal 30 is the power terminal, 87a is ... Terminals 85 and 86 represent the coil inside the relay. Terminal 30 is the power terminal, 87a is ...
The major human endocrine glands and their central nervous system control centers The major human endocrine glands and their central nervous system control centers
Mixed dishes such as hamburgers and pizza are a major source of solid fats in the diets of Americans Mixed dishes such as hamburgers and pizza are a major source of solid fats in the diets of Americans
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Formation of a DNA loop allows factors that bind to an enhancer or silencer Formation of a DNA loop allows factors that bind to an enhancer or silencer
Video: Stimulus (introduction)

For a complete list of videos, visit our video library